ENP Newswire -
Release date- 05062014 - New Country Partnership Strategy to provide
The new Country Partnership Strategy (CPS) for
The joint strategy by the Bank, IFC and MIGA is part of a sustained effort to help fulfill
'This is a special time in
'Inclusive growth requires job creation through a dynamic private sector,' said
The Bank, IFC, and MIGA are committed to leveraging private resources for innovative financing for infrastructure including public-private partnerships in energy, water and transport.
'MIGA will continue to scale up its support in the energy sector, and will help mobilize sustainable private investments that support job creation,' said
The strategy focuses on three areas, competitiveness and sustainability; protection and potential; and, building consistency and equity; underpinned by the connecting platform of good governance -to improve accountability and ensure that resources at national and county levels are spent properly and get to those for whom they are intended. .
The CPS 2014-2018 was prepared in close consultation with the Kenyan Government, and benefitted from substantial input from an extensive consultations process with the national and county governments, the private sector and civil society organizations in several counties across the country.
Key Domains of Engagement of the
Competitiveness and sustainability-achieving rapid and uninterrupted growth over a decade or more will require a sound macroeconomic framework and private sector-led growth. Bank (IDA) finance will help support critical publicly merited investments including in more reliable electricity and safer water supply. IFC and MIGA instruments will help leverage private resources to create jobs, improve infrastructure, and provide better services to make cities more livable and environmentally and socially sustainable.
Protection and potential-the strategy will help protect the vulnerable against poverty, and help them develop their potential so that all groups share in advancing prosperity. An additional 450,000 people are expected to benefit from cash support in the national social safety net program, including those disproportionately affected by severe malnutrition in drought-affected areas.
Decentralizing power and public services to promote greater equity and long term consistency of public services. This drive has devolution as its core, and the challenge is to ensure that the transfer of power and responsibilities to the 47 new counties translates to better services to ordinary people, supportive business environments at the local level, greater citizen engagement in public life, and robust financial management and oversight of all public authorities.
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